NORTH DAKOTA FARMERS UNION FOUNDATION (EIN 450457574) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

MATT PERDUE

Phone

7012522340

Tax Period

2024-10-01 to 2025-09-30

NORTH DAKOTA FARMERS UNION FOUNDATION, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $198K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $32K, a strong 16% operating margin.

Mission

PROVIDE SUPPORT FOR THE FURTHERANCE OF RURAL ECONOMIC DEVELOPMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $157,631

Program Service Revenue $0

Investment Income $12,427

Other Revenue $28,105

TOTAL REVENUE $198,163

Expense Breakdown

Grants Paid $164,931

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $164,931

Other Expenses $836

TOTAL EXPENSES $165,767

Year-over-Year Comparison

	2024	2023	Change
Revenue	$198,163	$507,249	-0.6%
Expenses	$165,767	$458,317	-0.6%
Net Income	$32,396	$48,932	-0.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$684,121

Total Directors

$792,097

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN VIG	DIRECTOR	1.00	Director	$0	$0	$22,425
JON IVERSON	DIRECTOR	1.00	Director	$0	$0	$20,806
MARK WATNE	PRESIDENT	1.00	Officer Director	$0	$10,350	$597,298
MICHELLE ZIESCH	DIRECTOR	1.00	Director	$0	$0	$23,958
ROBERT FINKEN	DIRECTOR	1.00	Director	$0	$0	$26,812
ROBERT KUYLEN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$37,673
SHANE SICKLER	TREASURER	1.00	Officer Director	$0	$0	$28,066
TYLER STAFSLIEN	DIRECTOR	1.00	Director	$0	$0	$13,975
WESLEY NIEDERMAN	SECRETARY	1.00	Officer Director	$0	$0	$21,084

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$198,163	$165,767	$362,642	$32,396
2024	$507,249	$458,317	$329,221	$48,932
2023	$268,626	$246,615	$280,289	$22,011
2022	$297,826	$291,279	$258,278	$6,547
2021	$2,061,935	$2,050,717	$251,731	$11,218

NORTH DAKOTA FARMERS UNION FOUNDATION